The Spain Summit

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Overview

In 2017 Spain regained its pre-crisis GDP, nine years after plunging into a deep property- and banking-led recession. But this good news was tempered by a new calamity: the aggressive push by Catalan separatists to break away from Spain, and the grave constitutional and existential crisis provoked by their actions.

This is not the first time in recent memory that Spain has snatched defeat from the jaws of victory. In 2015, as the country’s recovery took hold, the rise of the left-wing populist Podemos party frightened away investors; while in 2016 the inability of political parties to negotiate a coalition after the collapse of two-party rule left the country without a proper government for 10 months, again rattling the business world. Spain’s economy clearly has the potential to lead Europe in growth and innovation — but can its political system reach a consensus on issues of education, labour and entrepreneurship that will allow it to succeed?

At a moment of great confusion surrounding Catalonia, as well as the disruption of Britain’s departure from the EU, The Spain Summit: Recovery and Crisis will examine the major trends—internal and external—shaping Spain’s halting steps into the future.

Why attend

The Spain Summit will bring together the country’s policymakers, business leaders, investors, innovators, academics and analysts to plot Spain’s course not
only through the transformative trends of digitisation, distributed innovation, and non-stable work, but also through the labyrinthine new political landscape with its potential to enhance—or hamstring—the country’s economic progress.

WHO SHOULD ATTEND

Business leaders

Political leaders

Government organisations

Chambers of commerce

Professional organisations

Business schools

Public administrators

Ambassadors and senior embassy staff

Academics

Economic, political and business analysts

Speakers

Pedro Sánchez

president, Government of Spain

Pedro Sánchez

president, Government of Spain

Humberto Arnés

director general, FarmaIndustria

Humberto Arnés

director general, FarmaIndustria

Antonio Barroso

managing director, Europe, Teneo

Antonio Barroso

managing director, Europe, Teneo

Antonio Barroso is managing director at Teneo Intelligence, the political risk arm of Teneo Holdings. He is responsible for coordinating the firm's geopolitical research and for the specific coverage of France, Portugal and Spain. He is a regular media commentator on political and economic issues, with frequent contributions to the Financial Times, the Wall Street Journal, the New York Times, Bloomberg and CNBC. Prior to joining Teneo, he was a senior analyst at Eurasia Group where he helped to develop the firm’s Eurozone coverage.

Beatriz González

Beatriz González is the founder and managing partner of Seaya Ventures. Ms González has been working in the private equity industry since 2002, most recently heading the private equity programme in Telefónica’s pension fund for six years. During this time she was also a board member of the Institutional Limited Partners’ Association (ILPA), between 2008 and 2011. Before that Ms González worked at Darby Overseas Investments, a US-based private equity firm, and then joined Excel Partners, a Spanish mid-market growth fund. Before entering the private-equity sector Ms González worked in the Equity Research Department at Morgan Stanley in London and also at a Spanish internet consultancy, Qarana. In addition, she serves as a board member in Plenummedia, Cabify, Percentil, Miora, Hundredrooms, Spotahome and Glovo, and is chairing the Venture Capital Committee of ASCRI, a Spanish VC and PE Association.

Carlos González Bosch

head, CEOE Health Committee

Carlos González Bosch

head, CEOE Health Committee

Franz Heukamp

dean, IESE Business School

Franz Heukamp

dean, IESE Business School

Marcel Jansen

economist, UAM and researcher, FEDEA

Marcel Jansen

economist, UAM and researcher, FEDEA

Isaac Martín-Barbero

chief of cities and communities, Cabify

Isaac Martín-Barbero

chief of cities and communities, Cabify

Isidoro Minguez

chairman of the board, Sotogrande

Isidoro Minguez

chairman of the board, Sotogrande

Manuel Muñiz

senior associate, Belfer Center for Science and International Affairs, Harvard Kennedy School of Government

Manuel Muñiz

senior associate, Belfer Center for Science and International Affairs, Harvard Kennedy School of Government

Juan María Nin

chairman, HABITAT

Juan María Nin

chairman, HABITAT

Isabel Oliver

secretary of state for tourism, Spain

Isabel Oliver

secretary of state for tourism, Spain

José Martínez Olmos

spokesperson for the PSOE at the healthcare commission at the Senate, Spain

José Martínez Olmos

spokesperson for the PSOE at the healthcare commission at the Senate, Spain

Alex Puig

chief technology officer and founder, Caleum Labs

Alex Puig

chief technology officer and founder, Caleum Labs

Maria Reyes Maroto

minister of industry, trade and tourism, Spain

Maria Reyes Maroto

minister of industry, trade and tourism, Spain

David Rodriguez

co-founder and chief executive officer, CornerJob

David Rodriguez

co-founder and chief executive officer, CornerJob

Alejandro Romero

chief executive officer, Alto Data Analytics

Alejandro Romero

chief executive officer, Alto Data Analytics

Francisco Ruiz Antón

Director of Public Affairs and Institutional Relations, Google

Francisco Ruiz Antón

Director of Public Affairs and Institutional Relations, Google

Martin Sellés

chief executive officer, Janssen and president, FarmaIndustria

Martin Sellés

chief executive officer, Janssen and president, FarmaIndustria

Pablo Simón

political analyst

Pablo Simón

political analyst

Ezequiel Szafir

chief executive officer, Openbank, Santander Group

Ezequiel Szafir

chief executive officer, Openbank, Santander Group

Carina Szpilka

president, Adigital and general partner, K Fund VC

Carina Szpilka

president, Adigital and general partner, K Fund VC

For more than 22 years Carina has worked for the financial industry where she was the chief executive officer of ING Direct in France and then in Spain. Now she is dedicated to boost the digital economy in Spain through the new venture capital firm, K Fund and as president of Adigital, the association that works to position Spain as a digital leader. She also serves as non executive director at Abanca, Grifols and Meliá.

Alejandro Tiana Ferrer

secretary of state for education and vocational training, Spain

Alejandro Tiana Ferrer

secretary of state for education and vocational training, Spain

Ignacio de la Torre

chief economist, ARCANO

Ignacio de la Torre

chief economist, ARCANO

Carlos Trascasa

senior partner, McKinsey & Company, Spain

Carlos Trascasa

senior partner, McKinsey & Company, Spain

Manuel Valls

former prime minister of France

Manuel Valls

former prime minister of France

Juan Velayos

chief executive officer, Neinor Homes

Juan Velayos

chief executive officer, Neinor Homes

John de Zulueta Greenebaum

chairman, Círculo de Empresarios

John de Zulueta Greenebaum

chairman, Círculo de Empresarios

Irene Mia

Irene Mia

Irene heads the Economist Intelligence Unit's regional team of analysts who provide economic, political and business coverage for all the countries of the Latin American and the Caribbean region. Previously, she was director and senior Economist within the Centre for Global Competitiveness and Performance at the World Economic Forum, where she was also responsible for competitiveness research on Latin America and Iberia. She has written and spoken extensively on issues related to national competitiveness and development, serving as lead author and editor on a number of regional and topical competitiveness papers and reports; notably, she was the editor of the Global Information Technology Report series for six years, one of the flagship publications of the World Economic Forum. Before joining the World Economic Forum, she worked at the headquarters of Sudameris Bank in Paris for a number of years, holding various positions in the international affairs and international trade divisions. Her main research interests are in the fields of development, international trade, economic integration, innovation, ICT, and competitiveness and Latin America.

Registration and networking

Opening remarks

Michael Reid

Michael Reid

Michael Reid writes the Bello column on Latin America for The Economist and is the newspaper’s senior editor and writer-at-large for the region. He has worked for The Economist since 1990 and was Americas Editor between 1999 and 2013. His books include "Forgotten Continent: The Battle for Latin America's Soul" (2007) and “Brazil: The Troubled Rise of a Global Power” (April 2014), both published by Yale University Press and in Portuguese by Editora Elsevier.

9:10 AM

Opening interview - follow it live on www.lamoncloa.gob.es

Pedro Sánchez

president, Government of Spain

Pedro Sánchez

president, Government of Spain

Michael Reid

Michael Reid

Michael Reid writes the Bello column on Latin America for The Economist and is the newspaper’s senior editor and writer-at-large for the region. He has worked for The Economist since 1990 and was Americas Editor between 1999 and 2013. His books include "Forgotten Continent: The Battle for Latin America's Soul" (2007) and “Brazil: The Troubled Rise of a Global Power” (April 2014), both published by Yale University Press and in Portuguese by Editora Elsevier.

9:40 AM

EIU Forecast: The outlook for sustained growth

The Economist Intelligence Unit presents the latest country forecast for Spain, analyses current developments and explores the future trends for Spain’s economy with a forecast to 2022. This data-driven session will highlight potential vulnerabilities and bright spots, identify areas in which policy must be tailored to keep pace with technology and innovation, and provide practical takeaways for delegates.

Irene Mia

Irene Mia

Irene heads the Economist Intelligence Unit's regional team of analysts who provide economic, political and business coverage for all the countries of the Latin American and the Caribbean region. Previously, she was director and senior Economist within the Centre for Global Competitiveness and Performance at the World Economic Forum, where she was also responsible for competitiveness research on Latin America and Iberia. She has written and spoken extensively on issues related to national competitiveness and development, serving as lead author and editor on a number of regional and topical competitiveness papers and reports; notably, she was the editor of the Global Information Technology Report series for six years, one of the flagship publications of the World Economic Forum. Before joining the World Economic Forum, she worked at the headquarters of Sudameris Bank in Paris for a number of years, holding various positions in the international affairs and international trade divisions. Her main research interests are in the fields of development, international trade, economic integration, innovation, ICT, and competitiveness and Latin America.

10:00 AM

Entrepreneurship: Joining the first tier of innovation capitals

Like its neighbour Portugal, Spain has been making noise in the world of innovation and entrepreneurship. Although bureaucracy and red tape make it needlessly difficult to start businesses, an increasing number of well-trained entrepreneurs educated at Spain’s world-class business schools, and growing interest from foreign venture funds, have led to an expanding and improving pool of new ventures. But almost all have had to move to international innovation capitals or sell to foreign buyers in order to grow, leaving the country with few national “champions” in the tech and innovation world. How can Spain create a VC culture among its homegrown investors in order to become a major ecosystem, rather than simply a greenhouse?

Beatriz González

Beatriz González is the founder and managing partner of Seaya Ventures. Ms González has been working in the private equity industry since 2002, most recently heading the private equity programme in Telefónica’s pension fund for six years. During this time she was also a board member of the Institutional Limited Partners’ Association (ILPA), between 2008 and 2011. Before that Ms González worked at Darby Overseas Investments, a US-based private equity firm, and then joined Excel Partners, a Spanish mid-market growth fund. Before entering the private-equity sector Ms González worked in the Equity Research Department at Morgan Stanley in London and also at a Spanish internet consultancy, Qarana. In addition, she serves as a board member in Plenummedia, Cabify, Percentil, Miora, Hundredrooms, Spotahome and Glovo, and is chairing the Venture Capital Committee of ASCRI, a Spanish VC and PE Association.

Carina Szpilka

president, Adigital and general partner, K Fund VC

Carina Szpilka

president, Adigital and general partner, K Fund VC

For more than 22 years Carina has worked for the financial industry where she was the chief executive officer of ING Direct in France and then in Spain. Now she is dedicated to boost the digital economy in Spain through the new venture capital firm, K Fund and as president of Adigital, the association that works to position Spain as a digital leader. She also serves as non executive director at Abanca, Grifols and Meliá.

John de Zulueta Greenebaum

chairman, Círculo de Empresarios

John de Zulueta Greenebaum

chairman, Círculo de Empresarios

Irene Mia

Irene Mia

Irene heads the Economist Intelligence Unit's regional team of analysts who provide economic, political and business coverage for all the countries of the Latin American and the Caribbean region. Previously, she was director and senior Economist within the Centre for Global Competitiveness and Performance at the World Economic Forum, where she was also responsible for competitiveness research on Latin America and Iberia. She has written and spoken extensively on issues related to national competitiveness and development, serving as lead author and editor on a number of regional and topical competitiveness papers and reports; notably, she was the editor of the Global Information Technology Report series for six years, one of the flagship publications of the World Economic Forum. Before joining the World Economic Forum, she worked at the headquarters of Sudameris Bank in Paris for a number of years, holding various positions in the international affairs and international trade divisions. Her main research interests are in the fields of development, international trade, economic integration, innovation, ICT, and competitiveness and Latin America.

10:50 AM

Networking coffee break

11:10 AM

Keynote interview – The view from government

Nadia Calviño

minister of economy and business, Spain

Nadia Calviño

minister of economy and business, Spain

Michael Reid

Michael Reid

Michael Reid writes the Bello column on Latin America for The Economist and is the newspaper’s senior editor and writer-at-large for the region. He has worked for The Economist since 1990 and was Americas Editor between 1999 and 2013. His books include "Forgotten Continent: The Battle for Latin America's Soul" (2007) and “Brazil: The Troubled Rise of a Global Power” (April 2014), both published by Yale University Press and in Portuguese by Editora Elsevier.

11:50 AM

The Economy: First the banking crisis, then the constitutional challenge

After suffering a devastating banking crisis, Spain’s GDP has grown at more than 3 per cent annually for the last three years. But last year the economy collided with an increasingly radicalised Catalan secessionist movement. Over 2,900 businesses have moved their registered headquarters out of Catalonia; Spain’s central bank has warned that continued political strife could cut up to 2.5 percentage points off the country’s GDP growth over the next two years; and Barcelona lost its bid to host the European Medicines Agency. How can Spain rebuild an image of stability and recover the confidence of investors? How much of Spain’s problem is due to too much centralised power in the economy—or, as Thomas Piketty would have it, to too little?

Mike Reid

Mike Reid

Healthcare: Great numbers. Now, how to export it?

Thanks to a universal social-security system created over the last four decades, not to mention a healthy lifestyle and diet, life expectancy in Spain has risen by more than 10 years over that period. Even while spending substantially less per person on health than most of its EU peers, Spain has the second highest life expectancy in the OECD, at 83.0 years. It is also the global leader in organ donation, performing more transplants relative to its population size than any other country in the world. Despite this, Spain has been slow to exploit its notable success to become a health- industry powerhouse, only (far behind European powerhouses Germany, Switzerland, Belgium, and France) and not even ranking in the top 20 of medical device exporters What can the country do to protect intellectual property and promote health innovation and exports?

Humberto Arnés

director general, FarmaIndustria

Humberto Arnés

director general, FarmaIndustria

Carlos González Bosch

head, CEOE Health Committee

Carlos González Bosch

head, CEOE Health Committee

José Martínez Olmos

spokesperson for the PSOE at the healthcare commission at the Senate, Spain

José Martínez Olmos

spokesperson for the PSOE at the healthcare commission at the Senate, Spain

Martin Sellés

chief executive officer, Janssen and president, FarmaIndustria

Martin Sellés

chief executive officer, Janssen and president, FarmaIndustria

Irene Mia

Irene Mia

Irene heads the Economist Intelligence Unit's regional team of analysts who provide economic, political and business coverage for all the countries of the Latin American and the Caribbean region. Previously, she was director and senior Economist within the Centre for Global Competitiveness and Performance at the World Economic Forum, where she was also responsible for competitiveness research on Latin America and Iberia. She has written and spoken extensively on issues related to national competitiveness and development, serving as lead author and editor on a number of regional and topical competitiveness papers and reports; notably, she was the editor of the Global Information Technology Report series for six years, one of the flagship publications of the World Economic Forum. Before joining the World Economic Forum, she worked at the headquarters of Sudameris Bank in Paris for a number of years, holding various positions in the international affairs and international trade divisions. Her main research interests are in the fields of development, international trade, economic integration, innovation, ICT, and competitiveness and Latin America.

1:15 PM

Banking and Fintech: First crisis, now the future

Since its banking crisis, Spain has seen its 50 biggest banks consolidate into a half-dozen. Following the collapse of Popular and its absorption by Santander, the industry is largely healthy. However, there’s now a new challenge: the rise of digital fintechs, poised to poach the most profitable banking services from branch-heavy giants. Spain’s banking giants, especially BBVA and Santander, have shown digital savvy.

Alex Puig

chief technology officer and founder, Caleum Labs

Alex Puig

chief technology officer and founder, Caleum Labs

Ezequiel Szafir

chief executive officer, Openbank, Santander Group

Ezequiel Szafir

chief executive officer, Openbank, Santander Group

Ignacio de la Torre

chief economist, ARCANO

Ignacio de la Torre

chief economist, ARCANO

Irene Mia

Irene Mia

Irene heads the Economist Intelligence Unit's regional team of analysts who provide economic, political and business coverage for all the countries of the Latin American and the Caribbean region. Previously, she was director and senior Economist within the Centre for Global Competitiveness and Performance at the World Economic Forum, where she was also responsible for competitiveness research on Latin America and Iberia. She has written and spoken extensively on issues related to national competitiveness and development, serving as lead author and editor on a number of regional and topical competitiveness papers and reports; notably, she was the editor of the Global Information Technology Report series for six years, one of the flagship publications of the World Economic Forum. Before joining the World Economic Forum, she worked at the headquarters of Sudameris Bank in Paris for a number of years, holding various positions in the international affairs and international trade divisions. Her main research interests are in the fields of development, international trade, economic integration, innovation, ICT, and competitiveness and Latin America.

2:00 PM

Tourism: Being a top destination without losing the different regional identities

Buoyed by great beaches, food and weather, low prices, and problems in other destinations such as France, Egypt and Turkey, Spain has seen its tourist numbers skyrocket. But the tourist boom has brought problems, including a wave of short-term, low-wage employment, and angry residents in cities like Barcelona, where mobs of stag parties and party tourism have driven prices up and quality of life down. How can Spain create a sustainable tourist industry that offers good employment to individuals and allows regions to retain their identity?

Mike Reid

Mike Reid

Education: All problems start in the classroom

Spain is a world leader in MBA education, with IE, IESE, and ESADE regularly appearing on “Best Of” lists in the Financial Times and other publications. But unlike in health care, Spain’s political parties have for decades failed to reach consensus on a national educational programme at the lower levels, and Spanish primary and secondary systems are regularly criticised for antiquated rote-learning techniques, lack of collaborative study and poor English-teaching. On top of these problems, the separatist clash in Catalonia has brought another to the surface—the need for the education system to help create a cohesive national identity. How can Spain reform its primary and secondary education system to prepare for the future, as a cohesive society and economy? And what can we learn from Spanish public education outlets successfully built on outside models, especially in Catalonia— places like Barcelona’s Pompeu Fabra University?

Mike Reid

Mike Reid

Work: The Future of Labour in an Autonomous and Digital World

Since the depth of its financial crisis, Spain has reformed its labour laws and seen its workforce turn in ever-greater numbers toward digitally enabled jobs. But while its job market has become much more flexible and forward looking, and entrepreneurial young professionals have joined an evolving autónomo self-employment scheme, there is still much work to be done to equip the workforce with the digital skills and the regulatory framework necessary to move into the future.

What investments and legal changes must Spain undertake as a society in order to take the full advantage of the digital revolution—and combat stubborn un- and underemployment? How is the future of work in Spain being created through new agreements between unions and forward-thinking companies? What digital skills are needed? Is it time to define a new class of worker, somewhere between dependent employees and unprotected freelancers? And how can the country protect older workers while providing opportunity and skills for the young self-employed—and at the same time retrain the mass of middle-aged unemployed living on public assistance?

Mike Reid

Mike Reid

Networking coffee break

5:50 PM

Politics: The two-party system is dead. What’s next?

For nearly 40 years after Spain’s return to democracy, the country’s
politics was dominated by the centre-right Partido Popular and the
centre-left PSOE socialists. The elections of 2015 changed all that,
giving new power to the liberal Ciudadanos and the populist left
Podemos and throwing Spain into uncharted territory where coalition
governments are the norm. So far the results have been mixed, leading
to repeat elections in 2016 and a minority government that has little
power to pass needed reforms to education and labour. How can
Spain create a coalition- building mentality and reach consensus on a
new national economic and social project that will attract Spaniards
from across the spectrum— including Catalan and Basque nationalists?

Antonio Barroso

managing director, Europe, Teneo

Antonio Barroso

managing director, Europe, Teneo

Antonio Barroso is managing director at Teneo Intelligence, the political risk arm of Teneo Holdings. He is responsible for coordinating the firm's geopolitical research and for the specific coverage of France, Portugal and Spain. He is a regular media commentator on political and economic issues, with frequent contributions to the Financial Times, the Wall Street Journal, the New York Times, Bloomberg and CNBC. Prior to joining Teneo, he was a senior analyst at Eurasia Group where he helped to develop the firm’s Eurozone coverage.

Manuel Muñiz

senior associate, Belfer Center for Science and International Affairs, Harvard Kennedy School of Government

Manuel Muñiz

senior associate, Belfer Center for Science and International Affairs, Harvard Kennedy School of Government

Closing remarks from the chair

Michael Reid

Michael Reid

Michael Reid writes the Bello column on Latin America for The Economist and is the newspaper’s senior editor and writer-at-large for the region. He has worked for The Economist since 1990 and was Americas Editor between 1999 and 2013. His books include "Forgotten Continent: The Battle for Latin America's Soul" (2007) and “Brazil: The Troubled Rise of a Global Power” (April 2014), both published by Yale University Press and in Portuguese by Editora Elsevier.

7:00 PM

Networking cocktail reception

Venue

The InterContinental Madrid hotel is a cosmopolitan retreat that opens up the real charm and passion of this vibrant city. Fine dining, award-winning business facilities and a 24-hour gym make the hotel a destination in itself. Madrid's world-class museums are a short distance from the hotel.

InterContinental Madrid

Sponsors

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Google

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Gold sponsors

Janssen

At the Janssen Pharmaceutical Companies of Johnson & Johnson, we are working to create a world without disease. Transforming lives by finding new and better ways to prevent, intercept, treat and cure disease inspires us. We bring together the best minds and pursue the most promising science. We are Janssen. We collaborate with the world for the health of everyone in it.

Sponsor

Sponsor

The Secretariat of state for Tourism of Spain is in charge of tourism, one of the most developed economic sectors in Spain. It is responsible for developing, coordinating and implementing the national tourism policies.

The following entities, TURESPAÑA, SEGITTUR and Paradores, report to it.

Supported by

Supported by

American Chamber of Commerce in Spain

The American Chamber of Commerce in Spain is a private, apolitical and non-profit institution. Founded in 1917, AmChamSpain is at the service of Spanish companies with interests in the U.S. and American companies established in Spain. AmChamSpain has over 280 partner companies,and works to improve competitiveness and internationalization, while stimulating investment and commerce between the U.S. and Spain.

Supported by

British Chamber of Commerce in Spain

Founded in Barcelona in 1908, the British Chamber of Commerce is the only independent British-Spanish business organisation in Spain. With over 300 members, its objective is to promote and create commercial relations and investment between both countries from an independent position, playing an important role in supporting businesses

Supported by

British Spanish Society

The BritishSpanish Society’s objective is to promote friendship and understanding between the people of Britain and Spain through knowledge of each other’s customs, institutions, history and way of life. Membership is open to anyone who has an interest in Spain and its culture.

Supported by

Círculo de Empresarios

The Círculo de Empresarios is the leading business “think tank” in Spain. Financed exclusively by its members, it is an independent voice promoting entrepreneurship, private enterprise and a free market economy. The organization motto is “ideas for growth”. Currently there are 230 members, all leaders in the Spanish business community

Supported by

IE Business School

Since 1973, with more than 60.000 alumni and 30 offices worldwide IE shapes leaders with global vision, an entrepreneurial mindset and a humanistic approach to drive innovation and change in organisations. IE offers programs for lifelong learning. Our programs and teaching methodology are at the forefront of integrating technology with education.

Supported by

INTERNATIONAL POLICY GROUP

International Policy Group (iPg) is a specialist public affairs consultancy firm that brings government and business together to generate mutually beneficial relationships. With offices in Madrid and Barcelona, iPg comprises a versatile team of professionals who are committed to your reputation – and your business.

Official PR agency

Official PR agency

FJ Communications

FJ Communications is a full service independent communications agency specialized in corporate & brand communications, consumer, financial & technology PR and public affairs / lobbying. With headquarters in Madrid and Miami, it also has satellite offices in Miami, Mexico and São Paulo to serve all Europe and the Americas. We treasure the experience of working for all kinds of companies, ranging from SMEs to multibillion-dollar corporations or institutions.

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